The chapter explores the increasing trend of private renting in the UK, termed 'Generation Rent', and the challenges faced by millennials in buying homes. It discusses the implications of rising rental costs globally on individuals' finances and the labor market, with examples from cities like Stockholm. The conversation also delves into the debate surrounding rent control measures in various countries, highlighting criticisms from economists and examining the impacts of such policies, as seen in places like Vienna and Stockholm.
Across the rich world millions spend more than a third of their disposable income on rent. We ask why policymakers have such terrible ideas on easing the pressure. America’s bid to crimp TikTok has raised a flurry of issues far graver than social-media scrolling (9:53). And why pop stars are (again) embracing the album over the single (15:46).
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